mike2
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The only rent vs buy calculation you need to make now is figuring out how likely it is your income will drop in the near future. If your income is likely to drop, BUY BUY BUY! When you rent and your income drops, you might get evicted! If you…
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LHR, I understand your concern. I don't know these people, nor do I care to. However, the've both made a serious effort to make their personal situations and circumstances public. Meshugy appears to be a garden variety narcicist obsessed with t…
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Yes, that's the one. Sadly, I dated someone back in 2006 that was in the process of purchasing one of the 1-bedroom (466 sq/ft) units when we met. It was priced around $140K.
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The condo conversion immediately to the north on 181st is a real mess. It converted in 2006 and there are some units for sale now for 30% less than the purchase price. Looking at the KC records, a handful of the troubled units were bought by the s…
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davidlosh@davidlosh.com wrote: gentrifiers, You must mean the people who fought for the Light Rail so they can get down town to work. That will be a double edged sword. The population of the South End will become more mobile also. The Light Rai…
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Some of the newer construction in Bothell/Canyon Park is really coming down in price. I'm starting to see 3000+ sq ft homes in the upper $400's - Places that sold for brand new for low to mid 600's 2-3 years ago. Who's knows whether they'll drop b…
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A few thoughts on this. He keeps a very clean house for a musician with young children, or he's gone through some trouble to stage it for the photos. It looks like he's cleaned up the outside since the last time was in his neighborhood, someth…
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Holly Park used to have a lot of public housing projects. Much of it was replaced when New Holly was built. The light rail project has changed the appearance of the neighborhood greatly. When construction started along MLK, it looked as though a …
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Regarding Ardell's pending foreclosure - based on her earlier comments in this forum, she walked away with a good amount of cash at closing. I see two possibilities here - either the market value of the house is well below what she paid, or she spe…
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Yes, there is no credible evidence that the bubble has finished bursting. Whether you can get a 10-20% offer accepted depends on the location. Far out? Sure. Close in? The only way that is going to happen is if the property is priced 10-20% o…
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Well, this is just SHOCKING. Seattle was safe because there was relatively little subprime. But for some reason the prime buyers were jumping all over the IO ARMs and Neg-Am loans. Presumably because Seattle is so smart and educated, this new cr…
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biliruben wrote: That sounds like bait and switch. No way that dude gets 6%... or even 0-down. I agree. Although, I have a feeling that with the FED taking sacks of dung as collateral for Treasuries we're going to see another wave o…
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jggg you're forgetting that Kent is a premium neighborhood preferred by the wealthy elite. There is just no way homes in such a sought after enclave of affluence would EVER sell for prices where the mortgage payment breaks even with rent. Kent i…
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If they strip the house and stop making payments they'll be an excellent candidate for a short sale. Nothing says "Im seriously going to walk" like refusing to pay the mortgage on a house needing a rehab. Sux, but true.
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We weren't seeing much of this last year in Loyal Heights. Asking price is more than 10% below 2004 sale price. Reminds me of my own neighborhood over here in Fairfax County. 3047 NW 69th ST Seattle, WA 98117 http://www.redfin.com/stingra…
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On Capitol hill? Only time will tell if the $305K buyer is catching knives. Any idea what the actual market value is supported by (very) recent comps?
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top01cat01 wrote: They may not have the Granite countertops... then again- I dont see that much value in Granite Countertops.. im just as happy without them. Man, you haven't lived until you've had granite counters. Heh, mild exaggeratio…
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mukoh wrote: Further more, there are a lot of homes right now in the 1700 square foot range brand new in Lynnwood that builders are dying to get rid of for low $300's. All you need to do is look. Plenty of people all over the US "drove till…
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Gee, back in early 2004 spending $300K on a starter home seemed ostentatious unless it was in a close in neighborhood. I can't believe we've gotten to this point.
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WestSideBilly wrote: Date Price Appreciation Sep 01, 2004 $102,500 -- Jan 03, 2008 $427,500 53.4%/yr What the hell? The September 2004 "sale" was actually one of the owners quit claiming a portion of the home to the othe…
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Here's an example of how serial refinancers can take down values even in "good" neighborhoods. The Deed of Trust he defaulted on was for $464K. The house is now on the market for $421K. Given how high above market value banks were willing to appra…
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That looks like a manic depressive going off the meds...
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mike2 wrote: 7009 26th Ave NE Seattle, WA 98115 Asking Price: $574,950 Last sale: Sep 21, 2006 $453,501 $25,000 Temporary Price Reduction!!!! Sure it is... Also available for rent on Craigslist for $2100/mo. http://www.redfin.com/st…
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Deeds of Trust show the original mortgage balance, and from that and the purchase price one can estimate the size of the down payment. Not quite the same as knowing the outstanding balance and the actual down payment. Even if the original mortgage…
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There's a house up the street from me that was sold to a relocation firm in 2006 for $534K - they managed to re-sell it for $503K, to the guy that now holds the dubious honor of having purchased the most expensive house on the block. Recent comps p…
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This way the property shows up on 2 lists at once. New listings and price reduced listings.
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jillayne wrote: Mid 20's, why would you want to commit yourself to such unnecessary stress? Bio clock, nesting urge, female competition, call it whatever you want. LOL. I'm just glad you said it and not one of the guys here.
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Hey, with a whole $10K down you only need to be earning $130K/yr!
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I suggest you move to the Eastside, to a deluxe apartment in the sky. That way, you'll finally have your piece of the pie.
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Hippie chicks. They may not be freshly showered or clean shaven...